Nonlinear

If you had invested $1000 in Bitcoin 10 years ago, how much $ would you have now? The answer might come quickly due to the easy math, but it's not really about math here.

Before dividing $1,000 by the price of Bitcoin at that time and multiplying the coins one could buy with that cash ten years ago to $20,000 per coin which is the current price for one BTC let's take another metric into consideration... Would you really have HODLed for that long?

One of the few persons I know from the Leofinance community who has bought Bitcoin in its truly early stages and is a hardcore HODLer is @onealfa. There might be others too, but chances are they didn't go public on this one.

I am 100% sure that I would have not held to my BTC that long even if I had the chance to buy that low. Bitcoin is now 29233.0% higher than it was at its ATL. It didn't get here in a straight shot, that's a certainty.

However, even now after a 30,000% price appreciation, the masses which are accurately reflected by the fear and greed indicator are extremely fearful towards Bitcoin. As a matter of fact, the fear and greed index for Bitcoin is on extreme fear territory right now while BTC is $20,000 a coin and 30,000% higher than it was 12-13 years ago.

How do you think we would "survive" all these ups and downs that BTC's gone through over a decade or so? I sure know I wouldn't. I wasn't "skilled enough" to hold onto the ETH I once owned some four years ago, which I actually bought for $150 a coin, and I still remember the 560,000 DOGE I had back in 2019 which I couldn't HODL either.

Many fresh investors in crypto look at charts and are amazed at the gains they could have had if entered the market at a certain point and held up until nowadays. 99% would fail at doing that, cuz 99% of the planet is basically living in slavery. It's the 1% that owns pretty much everything that can be owned and "has the patience to not eat the marshmallow" in front of them and wait for it "to compound" ;).

Most of the progress in almost anything you can imagine is nonlinear. In order to turn $1,000 worth of BTC into a million, or more would have involved going through a lot of ups and downs of the market, tons of uncertainty and fear, and other mental parasites that would have caused almost anyone to capitulate quite easily.

The same goes for Hive. You don't just show up and expect to grow mountains over a month or two. I always say to people who ask me about my blog that it took me three years to finally monetize it. I guess Hive is the only thing I have held onto for so many years. It's kind of become an addiction.

If progress, or anything that involves huge gains, would have been linear it would all be so simple, but highly boring at the same time. Jumps in accumulation are what fuel ambitions, no matter what activity you would engage in.

Getting back to the point we started from, probably 99% of us would have sold, spent, or lost all the BTC that we would have bought a decade ago for just $1,000. I know that for sure just by looking at my personal actions. What about you, would you have held long enough to make it matter?

Thanks for your attention,
Adrian

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